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Eastern Asia - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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Eastern Asia: Refined Palm Oil Market Overview 2021

Refined Palm Oil Market Size in Eastern Asia

The East Asian refined palm oil market reduced modestly to $X in 2020, which is down by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Refined Palm Oil Production in Eastern Asia

In value terms, refined palm oil production declined to $X in 2020 estimated in export prices. The total production indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2017 to 2020, production growth remained at a lower figure.

Production By Country in Eastern Asia

China (X tonnes) remains the largest refined palm oil producing country in Eastern Asia, accounting for X% of total volume. Moreover, refined palm oil production in China exceeded the figures recorded by the second-largest producer, Japan (X tonnes), threefold. Taiwan (Chinese) (X tonnes) ranked third in terms of total production with a X% share.

In China, refined palm oil production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Japan (-X% per year) and Taiwan (Chinese) (+X% per year).

Refined Palm Oil Exports

Exports in Eastern Asia

In 2020, shipments abroad of refined palm oil decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, exports saw a slight decline. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. From 2012 to 2020, the growth exports remained at a lower figure.

In value terms, refined palm oil exports fell to $X in 2020. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. As a result, exports attained the peak of $X. From 2012 to 2020, the growth exports failed to regain the momentum.

Exports by Country

The biggest shipments were from China (X tonnes), together recording X% of total export.

China was also the fastest-growing in terms of the refined palm oil exports, with a CAGR of +X% from 2007 to 2020. From 2007 to 2020, the share of China increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest refined palm oil supplier in Eastern Asia.

In China, refined palm oil exports increased at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The refined palm oil export price in Eastern Asia stood at $X per tonne in 2020, picking up by X% against the previous year. Export price indicated moderate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, refined palm oil export price decreased by -X% against 2011 indices. The pace of growth was the most pronounced in 2011 when the export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Refined Palm Oil Imports

Imports in Eastern Asia

In 2020, after three years of growth, there was significant decline in supplies from abroad of refined palm oil, when their volume decreased by -X% to X tonnes. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes, and then contracted in the following year.

In value terms, refined palm oil imports stood at $X in 2020. Total imports indicated noticeable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2012 to 2020, the growth imports failed to regain the momentum.

Imports by Country

China prevails in refined palm oil imports structure, amounting to X tonnes, which was approx. X% of total imports in 2020. Japan (X tonnes) ranks second in terms of the total imports with a X% share, followed by South Korea (X%). Taiwan (Chinese) (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to refined palm oil imports into China stood at +X%. At the same time, South Korea (+X%), Taiwan (Chinese) (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2007-2020. South Korea (+X p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported refined palm oil in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, refined palm oil imports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Japan (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2020, the refined palm oil import price in Eastern Asia amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The level of import peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Japan ($X per tonne) and China ($X per tonne), while South Korea ($X per tonne) and Taiwan (Chinese) ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined palm oil in Eastern Asia?
+
The country with the largest volume of refined palm oil consumption was China (12M tonnes), accounting for 71% of total volume. Moreover, refined palm oil consumption in China exceeded the figures recorded by the second-largest consumer, Japan (2.8M tonnes), fourfold. South Korea (871K tonnes) ranked third in terms of total consumption with a 5.2% share.
What are the largest producers of refined palm oil in Eastern Asia?
+
The country with the largest volume of refined palm oil production was China (5.5M tonnes), accounting for 64% of total volume. Moreover, refined palm oil production in China exceeded the figures recorded by the second-largest producer, Japan (2M tonnes), threefold. Taiwan (Chinese) (429K tonnes) ranked third in terms of total production with a 5% share.
What are the leading suppliers of refined palm oil in Eastern Asia?
+
In value terms, China ($19M) remains the largest refined palm oil supplier in Eastern Asia.
What are the leading importers of refined palm oil in Eastern Asia?
+
In value terms, China ($4.1B) constitutes the largest market for imported refined palm oil in Eastern Asia, comprising 80% of total imports. The second position in the ranking was occupied by Japan ($546M), with a 11% share of total imports. It was followed by South Korea, with a 7% share.
What is the average export price for refined palm oil in Eastern Asia?
+
In 2020, the refined palm oil export price in Eastern Asia amounted to $760 per tonne, picking up by 5% against the previous year.
What is the average import price for refined palm oil in Eastern Asia?
+
In 2020, the refined palm oil import price in Eastern Asia amounted to $635 per tonne, with an increase of 15% against the previous year.

Product coverage:
• Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined palm oil market in Eastern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• China, Macao SAR
• Democratic People's Republic of Korea
• Taiwan, Chinese

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• China, Hong Kong SAR
• China, Macao SAR
• Japan
• South Korea
• Taiwan, Chinese
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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